It was supposed to be Caterpillar's day.
Early this morning, the CAT reported another set of blowout numbers, with Q1 EPS of $2.82 on Exp. $2.11, on revenue of $12.90, also smashing estimates of $12.07BN. The company's commentary was stellar, seeing growth across all verticals:
Construction: expects broad-based growth in all regions in 2018, with the biggest drivers being strength for construction activity in North America and infrastructure development in China Mining: global economic conditions and favorable commodity price levels will drive miners to increase capital expenditures in 2018 for both equipment replacement cycles and expansions
Energy: continued strong demand for reciprocating engines for well servicing...